| HNW: Arbitrage Opportunity From A Potential Liquidation (Rating Upgrade) |
The Pioneer Diversified High Income Fund faces potential liquidation after Victory Capital's acquisition, as shareholders did not approve the new manager. Liquidation offers arbitrage opportunities by buying below NAV and potentially profiting if liquidation proceeds at NAV, despite market risks. The interim agreement allows Victory Capital to manage the fund temporarily, with liquidation as the likely outcome if shareholder approval isn't obtained. |
seekingalpha.com |
2025-05-12 16:15:00 |
Czytaj oryginał (ang.) |
| Pioneer Investments Declares Monthly Distributions For Six Pioneer Closed-End Funds |
BOSTON--(BUSINESS WIRE)--Pioneer Investments today announced the declaration of dividends for six Pioneer closed-end funds for May 2025. Ex-Date: May 16, 2025 Record Date: May 16, 2025 Payable: May 30, 2025 Ticker Taxable Funds Distribution Per Share Change From Previous Month HNW Pioneer Diversified High Income Fund, Inc. $0.1000 - PHD Pioneer Floating Rate Fund, Inc. $0.07501 - PHT Pioneer High Income Fund, Inc. $0.0550 - Ticker Tax-Exempt Funds Distribution Per Share Change From Previous M. |
businesswire.com |
2025-05-05 20:30:00 |
Czytaj oryginał (ang.) |
| HNW: Changing Managers, Still A Solid Hold |
Pioneer Diversified High Income Fund, Inc. has delivered a 15.4% total return since our last article, matching the S&P 500. Amundi is proposing a management change for HNW, trying to sell its CEF business to Victory Capital, a Texas-based manager. The corporate action is subject to shareholders approval, and we would expect a 'sweetener' before agreeing to the proposed amendment. |
seekingalpha.com |
2024-07-26 03:39:54 |
Czytaj oryginał (ang.) |
| HNW: An Interesting Bond Fund With Some Risks But Also Some Potential |
The Pioneer Diversified High Income Fund, Inc. offers a 9.43% yield, comparable to its peers in the income-oriented bond closed-end fund sector. The HNW closed-end fund has experienced a decline in share price over the past three years, but distributions have offset the decline and provided a 5.06% total return. The fund primarily invests in high-yield corporate bonds and employs leverage to boost its effective yield, but its leverage level is in line with peers. |
seekingalpha.com |
2024-05-01 18:23:54 |
Czytaj oryginał (ang.) |
| The Month In Closed-End Funds: January 2024 |
For the first month in three, equity CEFs (-0.59% on a NAV basis) suffered losses while their fixed-income CEF (+0.49%) counterparts on average posted plus-side returns. At month-end, 11% of all CEFs traded at a premium to their NAV, with 12% of equity CEFs and 10% of fixed-income CEFs trading in premium territory. Income & Preferred Stock CEFs (+1.44%), for the first month in four, outpaced the other classifications in the equity CEF universe for January. |
seekingalpha.com |
2024-02-09 01:02:28 |
Czytaj oryginał (ang.) |
| HNW: This 10% Yielding CEF Gets A Downgrade |
The Pioneer Diversified High Income Fund is a fixed income CEF with a unique mix of asset classes with low correlations to each other. The vehicle's low volatility is attributed to its holdings of catastrophe bonds, which are not affected by traditional economic conditions. The fund's discount to NAV has narrowed, but US high yield spreads are now too low, leading to a downgrade in rating. |
seekingalpha.com |
2023-12-21 00:08:11 |
Czytaj oryginał (ang.) |
| Pioneer Closed End Funds Required Notice to Shareholders Sources of Distribution Under Section 19(a) |
BOSTON--(BUSINESS WIRE)--The following closed-end funds reported sources of distribution for September and this fiscal year to date. Distribution Period: September 2023 Ticker Taxable Funds Distribution Amount Per Share HNW Pioneer Diversified High Income Fund, Inc. $0.0900 Ticker Tax-Exempt Funds Distribution Amount Per Share MAV Pioneer Municipal High Income Advantage Fund, Inc. $0.0275 MHI Pioneer Municipal High Income Fund, Inc. $0.0275 MIO Pioneer Municipal High Income Opport. |
businesswire.com |
2023-09-29 13:00:00 |
Czytaj oryginał (ang.) |
| Amundi US Declares Monthly Distributions for Pioneer Closed-End Funds |
BOSTON--(BUSINESS WIRE)--Amundi US today announced the declaration of dividends for six Pioneer closed-end funds for September 2023. |
businesswire.com |
2023-09-06 20:05:00 |
Czytaj oryginał (ang.) |
| The Quality Closed-End Fund Report, July 2023 |
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, PFO and HNW. |
seekingalpha.com |
2023-08-10 14:58:53 |
Czytaj oryginał (ang.) |
| Amundi US Declares Monthly Distributions for Pioneer Closed-End Funds |
BOSTON--(BUSINESS WIRE)--Amundi US today announced the declaration of dividends for six Pioneer closed-end funds for August 2023. Ex-Date: August 17, 2023 Record Date: August 18, 2023 Payable: August 31, 2023 Ticker Taxable Funds Distribution Per Share Change From Previous Month HNW Pioneer Diversified High Income Fund, Inc. $0.09001 - PHD Pioneer Floating Rate Fund, Inc. $0.0925 - PHT Pioneer High Income Fund, Inc. $0.0550 - Ticker Tax-Exempt Funds Distribution Pe. |
businesswire.com |
2023-08-04 20:05:00 |
Czytaj oryginał (ang.) |
| HNW: Appealing Multi-Asset Fixed Income CEF, 10% Yield |
Pioneer Diversified High Income Fund is a fixed income CEF with a multi-asset approach, including high yield bonds, leveraged loans, ILS securities, EM bonds, and ABS securities. The fund has a low standard deviation and is currently trading at a large discount to NAV, which is expected to normalize when the Fed lowers rates. The fund has a dividend yield in excess of 10%, which is fully supported. |
seekingalpha.com |
2023-08-02 22:31:07 |
Czytaj oryginał (ang.) |
| Amundi US Declares Monthly Distributions for Pioneer Closed-End Funds |
BOSTON--(BUSINESS WIRE)--Amundi US today announced the declaration of dividends for six Pioneer closed-end funds for July 2023. Ex-Date: July 20, 2023 Record Date: July 21, 2023 Payable: July 31, 2023 Ticker Taxable Funds Distribution Per Share Change From Previous Month HNW Pioneer Diversified High Income Fund, Inc. $0.09001 - PHD Pioneer Floating Rate Fund, Inc. $0.09252 $0.0025 PHT Pioneer High Income Fund, Inc. $0.0550 - Ticker Tax-Exempt Funds Distribution Per Sha. |
businesswire.com |
2023-07-06 20:05:00 |
Czytaj oryginał (ang.) |
| HSBC Launches Global Private Banking in India to Serve One of the World’s Fastest-Growing Economies |
NEW YORK–(BUSINESS WIRE)–HSBC has launched its Global Private Banking (GPB) business in India to serve high-net-worth (HNW) and ultra-high-net-worth (UHNW) professionals, entrepreneurs and their families. The new business is aimed at clients with investable assets of more than $2 million. The launch further demonstrates the bank’s commitment to lead wealth management in Asia, by offering […]... |
headlinesoftoday.com |
2023-07-05 11:44:12 |
Czytaj oryginał (ang.) |
| The Quality Closed-End Fund Report, May 2023 |
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, HNW and BGX. |
seekingalpha.com |
2023-06-16 00:44:23 |
Czytaj oryginał (ang.) |
| HNW: How To Analyze, And Why You Should Pass On This Fund |
The HNW fund aims to deliver high current income from a portfolio of junk bonds, bank loans, and catastrophe bonds. The fund yields 10.8% while only earning 3-5% p.a. over the long run. |
seekingalpha.com |
2023-05-09 17:55:53 |
Czytaj oryginał (ang.) |
| The 'High-High-Low' Closed-End Fund Report, April 2023 |
Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are given. |
seekingalpha.com |
2023-05-07 15:35:24 |
Czytaj oryginał (ang.) |
| The Quality Closed-End Fund Report, April 2023 |
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. |
seekingalpha.com |
2023-05-05 11:02:04 |
Czytaj oryginał (ang.) |
| Amundi US Declares Monthly Distributions for Pioneer Closed-End Funds |
BOSTON--(BUSINESS WIRE)--Amundi US today announced the declaration of dividends for six Pioneer closed-end funds for May 2023. Ex-Date: May 17, 2023 Record Date: May 18, 2023 Payable: May 31, 2023 Ticker Taxable Funds Distribution Per Share Change From Previous Month HNW Pioneer Diversified High Income Fund, Inc. $0.0900 - PHD Pioneer Floating Rate Fund, Inc. $0.0900 - PHT Pioneer High Income Fund, Inc. $0.05501,2 -$0.0025 Ticker Tax-Exempt Funds Distribution Per Share Change From Previous Month MAV Pioneer Municipal High Income Advantage Fund, Inc. $0.03001,3 -$0.0045 MHI Pioneer Municipal High Income Fund, Inc. $0.03251,4 -$0.0050 MIO Pioneer Municipal High Income Opportunities Fund, Inc. $0.04251 - Market Price Market Price Distribution Rate NAV NAV Distribution Rate Pioneer Diversified High Income Fund, Inc. $9.98 10.82% $11.72 9.22% Pioneer Floating Rate Fund, Inc. $8.59 12.57% $9.96 10.84% Pioneer High Income Fund, Inc. $6.63 9.95% $7.59 8.70% Pioneer Municipal High Income Advantage Fund, Inc. $7.99 4.51% $9.37 3.84% Pioneer Municipal High Income Fund, Inc. $8.69 4.49% $10.18 3.83% Pioneer Municipal High Income Opportunities Fund, Inc. $10.54 4.84% $12.45 4.10% 1 At this time, it is believed that a portion of the Fund’s current monthly distribution may be comprised of amounts from sources other than net investment income. 2 PHT’s May per share distribution of $0.0550 represents a 4.3% decrease from the $0.0575 per share distribution paid in April. 3 MAV’s May per share distribution of $0.0300 represents a 13.0% decrease from the $0.0345 per share distribution paid in April. 4 MHI’s May per share distribution of $0.0325 represents a 13.3% decrease from the $0.0375 per share distribution paid in April. If any Fund estimates that any portion of its distribution may be comprised of amounts from sources other than net investment income, the Fund will provide shareholders a separate written notice. These notices are provided for informational purposes only, and should not be used for tax reporting purposes. The final determination of tax characteristics of each Fund’s distributions will occur after the end of its fiscal year, at which time it will be reported to shareholders. A return of capital is not a distribution of income or capital gains from the Fund, does not necessarily reflect the Fund's investment performance, and should not be considered "yield" or "income." The closing market price and NAV are based on data as of May 3, 2023. The Market Price Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the market price. The NAV Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the NAV per share. The funds are closed-end investment companies. Five of these funds trade on the New York Stock Exchange (NYSE) under the following symbols: PHD, MHI, MAV, PHT, and MIO; HNW trades on the NYSEAMER. Keep in mind, distribution rates are not guaranteed. A fund’s distribution rate may be affected by numerous factors, including changes in actual or projected investment income, the level of undistributed net investment income, if any, and other factors. Shareholders should not draw any conclusions about a fund’s investment performance based on a fund’s current distributions. Closed-end funds, unlike open-end funds, are not continuously offered. Once issued, common shares of closed-end funds are bought and sold in the open market through a stock exchange and frequently trade at prices lower than their net asset value. Net Asset Value (NAV) is total assets less total liabilities divided by the number of common shares outstanding. For performance data on Amundi US’s closed-end funds, please call 800-225-6292 or visit our closed-end pricing page. About Amundi US Amundi US is the US business of Amundi, Europe’s largest asset manager by assets under management and ranked among the ten largest globally1. Boston is one of Amundi’s six main global investment hubs2 and offers a broad range of fixed-income, equity, and multi-asset investment solutions in close partnership with wealth management firms, distribution platforms, and institutional investors across the Americas, Europe, and Asia-Pacific. With our financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape. Amundi clients benefit from the expertise and advice of 5,4003 team members and market professionals in 36 countries3. A subsidiary of the Crédit Agricole group and listed on the Paris stock exchange, Amundi currently manages approximately $2.101 trillion of assets3. Amundi, a Trusted Partner, working every day in the interest of our clients and society www.amundi.com/us Follow us on linkedin.com/company/amundi-us/ and twitter.com/amundi_us. 1 Source: IPE “Top 500 Asset Managers” published in June 2022, based on assets under management as of 12/31/2021 2 Boston, Dublin, London, Milan, Paris, and Tokyo 3 Amundi data as of 3/31/23 Amundi Distributor US, Inc., Member SIPC 60 State Street, Boston, MA 02109 ©2023 Amundi Asset Management US |
businesswire.com |
2023-05-04 20:05:00 |
Czytaj oryginał (ang.) |
| Gladstone Announces Significant Deal Prior to Its M&A Conference |
PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--On the eve of the financial services M&A advisor and executive search firm’s two-day event for RIA wealth managers at the Borgata hotel & casino in Atlantic City, Gladstone has been recognized for its advisory role in the strategic combination between Audax Private Equity, an $18B middle market investment firm, and Boston based Congress Wealth Management, a $5B+ HNW/UHNW RIA. “We have had a long-standing relationship with Congress, as we represented $2.4B RIA Pinnacle Advisory Group in its sale to them in 2021” explains Gladstone president Mike Bilotta. “We know the quality and fortitude of their executive team.” According to Gladstone senior managing director Derek Bruton, “Our areas of specialization — deal advisory, strategic growth advisory and talent acquisition — have never been more in focus. While it’s good timing to make this announcement just before our conference, it has been a pleasure to assist as high-quality a PE firm as Audax in its strategic plan to partner with Congress Wealth, an expanding RIA that has proven its mettle in both organic and inorganic growth initiatives.” The invitation-only event for founders, principals, CIOs and g2 partners of high-net-worth and ultra-high-net-worth RIAs and multi-family offices will be headlined by Gladstone’s highly anticipated update on M&A trends, Buyer and Seller panels, and Keynote Speaker Howie Roseman, two-time NFL Executive of the Year. Premier Sponsors include AQR, Orion, Realized 1031, & Worth Magazine. There will also be a charity hold ‘em poker tournament benefitting the Union League’s Legacy Foundation. For more information visit: https://registration.socio.events/e/gladstone2023 About Gladstone Group Inc. Established in 2006, Gladstone Group Inc. is a nationally-recognized, specialized company offering M&A Advisory for RIAs (through Gladstone Associates, LLC) and Executive Search (via D.A.Kreuter Associates Inc) under one roof. The firm works closely with companies spanning the breadth of the financial services industry to provide tailored solutions for a broad range of M&A and talent recruitment needs. |
businesswire.com |
2023-05-01 14:51:00 |
Czytaj oryginał (ang.) |
| Pioneer Closed End Funds required Notice to Shareholders Sources of Distribution Under Section 19(a) |
BOSTON--(BUSINESS WIRE)--The following closed-end funds reported sources of distribution for April and this fiscal year to date. Distribution Period: April 2023 Ticker Taxable Funds Distribution Amount Per Share HNW Pioneer Diversified High Income Fund, Inc. $0.0900 Ticker Tax-Exempt Funds Distribution Amount Per Share MHI Pioneer Municipal High Income Fund, Inc. $0.0375 MIO Pioneer Municipal High Income Opportunities Fund, Inc. $0.0475 The following tables set forth estimates of the character of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: Net Investment Income; Net Realized Short-Term Capital Gains; Net Realized Long-Term Capital Gains or Return of Capital. All amounts are expressed per common share. Pioneer Diversified High Income Fund, Inc. (NYSEAMER: HNW) Percentage Total Percentage Make up Make up of Cumulative of Total Cumulative Current Current Distributions Distributions Distribution Distribution Fiscal Year to Date Fiscal Year to Date Net Investment Income $0.0811 90.1% $1.0798 90.0% Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0000 0.0% Net Realized Long-Term Capital Gains $0.0000 0.0% $0.0000 0.0% Return of Capital $0.0089 9.9% $0.1202 10.0% Total per Common Share $0.0900 100.0% $1.2000 100.0% Pioneer Municipal High Income Fund, Inc. (NYSE: MHI) Percentage Total Percentage Make up Make up of Cumulative of Total Cumulative Current Current Distributions Distributions Distribution Distribution Fiscal Year to Date Fiscal Year to Date Net Investment Income $0.0301 80.3% $0.4208 80.8% Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0000 0.0% Net Realized Long-Term Capital Gains $0.0000 0.0% $0.0000 0.0% Return of Capital $0.0074 19.7% $0.0997 19.2% Total per Common Share $0.0375 100.0% $0.5205 100.0% Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE: MIO) Percentage Total Percentage Make up Make up of Cumulative of Total Cumulative Current Current Distributions Distributions Distribution Distribution Fiscal Year to Date Fiscal Year to Date Net Investment Income $0.0340 80.0% $0.4735 69.7% Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0000 0.0% Net Realized Long-Term Capital Gains $0.0000 0.0% $0.0000 0.0% Return of Capital $0.0085 20.0% $0.2060 30.3% Total per Common Share $0.0425 100.0% $0.6795 100.0% Notes: Investors should not necessarily draw any conclusions about the funds' investment performance from the amount of these distributions. Each fund estimates that a portion of its distribution does not represent income or realized capital gains. Therefore, such portion of its distribution may be a return of capital. A return of capital may occur when some or all of the money invested in the fund is returned to the investor. A return of capital distribution does not necessarily reflect the fund's investment performance and should not be considered "yield" or "income." The amounts and sources of distributions reported under the notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources for tax reporting purposes will depend upon each fund's investment experience during the remainder of its respective fiscal year and may be subject to change based on tax regulations. Each fund will provide investors with a Form(s) 1099 for the calendar year that explains how to report these distributions for federal income tax purposes. The funds are closed-end investment companies. Two of these funds trade on the New York Stock Exchange (NYSE) under the following symbols: MHI and MIO; HNW trades on the NYSEAMER. Keep in mind, distribution rates are not guaranteed. A fund’s distribution rate may be affected by numerous factors, including changes in actual or projected investment income, the level of undistributed net investment income, if any, and other factors. Closed-end funds, unlike open-end funds, are not continuously offered. Once issued, common shares of closed-end funds are bought and sold in the open market through a stock exchange and frequently trade at prices lower than their net asset value. Net Asset Value (NAV) is total assets less total liabilities divided by the number of common shares outstanding. For performance data on Amundi US’ closed-end funds, please call 800-225-6292 or visit our closed-end pricing page. About Amundi US Amundi US is the US business of Amundi, Europe’s largest asset manager by assets under management and ranked among the ten largest globally1. Boston is one of Amundi’s six main global investment hubs2 and offers a broad range of fixed-income, equity, and multi-asset investment solutions in close partnership with wealth management firms, distribution platforms, and institutional investors across the Americas, Europe, and Asia-Pacific. With our financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape. Amundi clients benefit from the expertise and advice of 5,4003 team members and market professionals in 35 countries3. A subsidiary of the Crédit Agricole group and listed on the Paris stock exchange, Amundi currently manages approximately $1.904 trillion of assets3. Amundi, a Trusted Partner, working every day in the interest of our clients and society www.amundi.com/us Follow us on linkedin.com/company/amundi-us/ and twitter.com/amundi_us. 1 Source: IPE “Top 500 Asset Managers” published in June 2022, based on assets under management as of 12/31/2021 2 Boston, Dublin, London, Milan, Paris, and Tokyo 3 Amundi data as of 12/31/22 Amundi Distributor US, Inc., Member SIPC 60 State Street, Boston, MA 02109 ©2023 Amundi Asset Management US |
businesswire.com |
2023-05-01 13:00:00 |
Czytaj oryginał (ang.) |
| National RIA Savvy Wealth Rolls Out Proprietary Direct Indexing Solution |
NEW YORK--(BUSINESS WIRE)--Savvy Wealth (“Savvy”), a digital-first platform for financial advisors centered around modernizing human financial advice, today announces the launch of Savvy Direct Indexing, a proprietary solution that will enable its financial advisors to offer tax-optimized, risk-adjusted and personalized portfolios. The newest feature on Savvy’s modern, integrated technology platform, Savvy Direct Indexing provides advisors with a solution to deliver tax-efficient, values-aligned portfolios that are customized to their high-net-worth (HNW) clients’ unique environmental, social, and governance (ESG) preferences. This comes at a time when consumers across all industries, including wealth management, are clamoring for personalized solutions that reflect their specific priorities. Savvy Direct Indexing meets this burgeoning demand by enabling advisors at its national registered independent advisory (RIA) firm to customize a given index in line with clients’ unique values, tax situations and financial preferences. This solution offers tax-loss harvesting capabilities to help investors offset or defer taxable gains and achieve tax alpha. Further, using Savvy Direct Indexing’s automated rebalancing, advisors and their clients can manage for concentrated positions and target exposure to preferred style factors, potentially serving to enhance diversification, mitigate risk and achieve greater returns. “The age of personalization is upon us, and off-the-shelf index funds are largely ill equipped to meet the complex needs of high-net-worth investors,” said Ritik Malhotra, Co-Founder and CEO of Savvy. “With Savvy Direct Indexing, our advisors can help clients achieve diversified exposure while proactively managing for tax liabilities, concentrated positions, ethical convictions, and more. We’re confident this latest addition to our platform will prove invaluable in helping advisors meaningfully engage prospects and existing clients alike.” Particularly compelling is the flexibility that Savvy Direct Indexing affords investors, using separately managed accounts (SMAs) to emulate clients’ desired index exposure while enabling them to screen out investments that undermine their values. This comes at a time when investors’ appetite for ESG investing remains robust, yet the limitations of one-size-fits-all funds for this use case are becoming apparent. With Savvy Direct Indexing, advisors can help their clients construct portfolios that are tailored to their unique values, rather than those that reflect a fund manager’s opaque methodology. “I firmly believe that all families should be able to invest their money how they want, and have a portfolio that reflects their values,” added Nathan Wallace, Founding Principal Wealth Manager at Savvy. “Savvy Direct Indexing makes it easier than ever to execute on this mandate, offering unparalleled transparency into underlying holdings as well as the ability to screen for those that the client deems undesirable. This ability to tailor a client’s portfolio around the issues that matter most to them can serve as a catalyst for a deeper, more meaningful engagement.” Savvy continues to focus on developing modern software designed to streamline and simplify marketing, compliance, and back-office operations for entrepreneurial advisors who want the flexibility of independence without the headaches associated with running a business. With the development of its proprietary direct indexing solution, Savvy’s advisors can offer all clients a tech-forward experience customized to the specific needs of HNW families and individuals. With its team of eight advisors, Savvy has experienced rapid asset growth since the firm began onboarding advisors onto its platform in the third quarter of 2022. Advisors who partner with Savvy receive equity ownership similar to tech industry employees and founders. For those interested in learning more, please visit Savvy’s website or view the firm’s open roles. About Savvy Wealth Savvy Wealth is a digital-first platform for financial advisors centered around modernizing human financial advice. Financial advisors who partner with Savvy leverage Its intentionally built, integrated technology platform to supercharge organic growth with enhanced software, and sales and marketing automation. Savvy’s proprietary technology empowers advisors to scale revenue faster and spend more time focused on growth. Follow Savvy on LinkedIn to stay up to date on the latest company news and updates. |
businesswire.com |
2023-04-06 12:08:00 |
Czytaj oryginał (ang.) |
| Amundi US Declares Monthly Distributions for Pioneer Closed-End Funds |
BOSTON--(BUSINESS WIRE)--Amundi US today announced the declaration of dividends for six Pioneer closed-end funds for April 2023. Ex-Date: April 18, 2023 Record Date: April 19, 2023 Payable: April 28, 2023 (PHD, PHT, MAV) Payable: May 1, 2023 (HNW, MHI, MIO) Ticker Taxable Funds Distribution Per Share Change From Previous Month HNW Pioneer Diversified High Income Fund, Inc. $0.09001 - PHD Pioneer Floating Rate Fund, Inc. $0.09002 $0.0025 PHT Pioneer High Income Fund, Inc. $0.05751 - Ticker Tax-Exempt Funds Distribution Per Share Change From Previous Month MAV Pioneer Municipal High Income Advantage Fund, Inc. $0.03451 - MHI Pioneer Municipal High Income Fund, Inc. $0.03751 - MIO Pioneer Municipal High Income Opportunities Fund, Inc. $0.04251,3 -$0.0050 Market Price Market Price Distribution Rate NAV NAV Distribution Rate Pioneer Diversified High Income Fund, Inc. $10.12 10.67% $11.77 9.18% Pioneer Floating Rate Fund, Inc. $8.80 12.27% $10.00 10.80% Pioneer High Income Fund, Inc. $6.63 10.41% $7.63 9.04% Pioneer Municipal High Income Advantage Fund, Inc. $8.10 5.11% $9.42 4.39% Pioneer Municipal High Income Fund, Inc. $8.83 5.10% $10.23 4.40% Pioneer Municipal High Income Opportunities Fund, Inc. $11.00 4.64% $12.58 4.05% 1 At this time, it is believed that a portion of the Fund’s current monthly distribution may be comprised of amounts from sources other than net investment income. 2 PHD’s April per share distribution of $0.0900 represents a 2.9% increase from the $0.0875 per share distribution paid in March. 3 MIO’s April per share distribution of $0.0425 represents a 10.5% decrease from the $0.0475 per share distribution paid in March. If any Fund estimates that any portion of its distribution may be comprised of amounts from sources other than net investment income, the Fund will provide shareholders a separate written notice. These notices are provided for informational purposes only, and should not be used for tax reporting purposes. The final determination of tax characteristics of each Fund’s distributions will occur after the end of its fiscal year, at which time it will be reported to shareholders. A return of capital is not a distribution of income or capital gains from the Fund, does not necessarily reflect the Fund's investment performance, and should not be considered "yield" or "income." The closing market price and NAV are based on data as of April 3, 2023. The Market Price Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the market price. The NAV Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the NAV per share. The funds are closed-end investment companies. Five of these funds trade on the New York Stock Exchange (NYSE) under the following symbols: PHD, MHI, MAV, PHT, and MIO; HNW trades on the NYSEAMER. Keep in mind, distribution rates are not guaranteed. A fund’s distribution rate may be affected by numerous factors, including changes in actual or projected investment income, the level of undistributed net investment income, if any, and other factors. Shareholders should not draw any conclusions about a fund’s investment performance based on a fund’s current distributions. Closed-end funds, unlike open-end funds, are not continuously offered. Once issued, common shares of closed-end funds are bought and sold in the open market through a stock exchange and frequently trade at prices lower than their net asset value. Net Asset Value (NAV) is total assets less total liabilities divided by the number of common shares outstanding. For performance data on Amundi US’s closed-end funds, please call 800-225-6292 or visit our closed-end pricing page. About Amundi US Amundi US is the US business of Amundi, Europe’s largest asset manager by assets under management and ranked among the ten largest globally1. Boston is one of Amundi’s six main global investment hubs2 and offers a broad range of fixed-income, equity, and multi-asset investment solutions in close partnership with wealth management firms, distribution platforms, and institutional investors across the Americas, Europe, and Asia-Pacific. With our financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape. Amundi clients benefit from the expertise and advice of 5,4003 team members and market professionals in 35 countries3. A subsidiary of the Crédit Agricole group and listed on the Paris stock exchange, Amundi currently manages approximately $1.904 trillion of assets3. Amundi, a Trusted Partner, working every day in the interest of our clients and society www.amundi.com/us Follow us on linkedin.com/company/amundi-us/ and twitter.com/amundi_us. 1 Source: IPE “Top 500 Asset Managers” published in June 2022, based on assets under management as of 12/31/2021 2 Boston, Dublin, London, Milan, Paris, and Tokyo 3 Amundi data as of 12/31/22 Amundi Distributor US, Inc., Member SIPC 60 State Street, Boston, MA 02109 ©2023 Amundi Asset Management US |
businesswire.com |
2023-04-04 20:05:00 |
Czytaj oryginał (ang.) |